https://www.taxtmi.com/caselaws?id=373105 Under the project completion method, estimated provision for unfinished ancillary work was treated as deductible where the project was substantially completed, revenue had been recognised, and the liability had accrued but could be reasonably estimated; the corresponding disallowance was therefore unsustainable. Disallowance under the tax deduction at source provisions also failed for raw material purchases, which were outside the usual TDS ambit, and for expenditure where tax had already been deducted and deposited within the permitted time. On those facts, the disputed additions were deleted and the assessee's case prevailed. en-us Mon, 31 Dec 2018 00:00:00 +0530 Thu, 24 Jan 2019 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373105 Under the project completion method, estimated provision for unfinished ancillary work was treated as deductible where the project was substantially completed, revenue had been recognised, and the liability had accrued but could be reasonably estimated; the corresponding disallowance was therefore unsustainable. Disallowance under the tax deduction at source provisions also failed for raw material purchases, which were outside the usual TDS ambit, and for expenditure where tax had already been deducted and deposited within the permitted time. On those facts, the disputed additions were deleted and the assessee's case prevailed. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373105